MicroStrategy Stock Is Crumbling as Bitcoin Slides and Rates Rise


  • Order Reprints

  • Print Article

Bitcoin’s tumbling price is dragging down MicroStrategy’s stock.


Dreamstime

MicroStrategy, a software and Bitcoin holding company, was tumbling again as the price of the crypto continued to slide.

Shares of MicroStrategy (ticker: MSTR) were down 23% in trading Monday, to around $227 a share. The company held 129,218 Bitcoins on its balance sheet at the end of March, or about $4.1 billion at recent prices of $32,000 per coin. No other publicly traded U.S. operating company holds as much Bitcoin.

MicroStrategy…


Roy Walsh

Related post